2. General Circular No. 41/2014 clarified that disqualification under clause (a) of sub-section (2) of section 164 of the Companies Act, 2013 shall not apply on the companies who have filed their balance sheets and annual returns on or after 01/04/2014 but prior to launch of CLSS-2014. The same shall be applicable only for the prospective defaults made by such companies.